TradingKey – SanDisk and SK Hynix jointly release the first HBF standard specification, boosting the stock price by nearly 3%.
On August 4, Eastern Time, SanDisk ( SNDK) stock continued to rebound, surging nearly 3% today to break through the $1,300 mark and reaching a high of $1,340, further narrowing its recent losses. Since peaking at the end of June, SanDisk’s stock has suffered a maximum drawdown of over 50%.
SanDisk stock chart, Source: TradingView
On the eve of announcing its latest quarterly earnings, SanDisk’s stock received a strong catalyst as it, along with SK Hynix ( SKHY) and the leading HBF Alliance officially released the first High-Bandwidth Flash (HBF) open standard specification at the opening of the global memory event…
